Production capital and technology, fundamental to understanding output and productivity growth, are unobserved except … of capital and technology for the sample period. We apply the method to annual data from 1947-97 for U.S. total … manufacturing and compare the estimates with those reported by the Bureau of Labor Statistics. …

There is considerable evidence that producer-level churning contributes substantially to aggregate (industry … fact that producer-level prices are typically unobserved; thus within-industry price differences are embodied in …

Production capital and technology, fundamental to understanding output and productivity growth, are unobserved except … of capital and technology for the sample period. We apply the method to annual data from 1947-97 for U.S. total … manufacturing and compare the estimates with those reported by the Bureau of Labor Statistics …